The Japan Bank for International Cooperation (JBIC) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) have entered into a financing agreement for $300 million dedicated to supporting renewable energy (RE) projects in Vietnam. This deal follows a previously successful $200 million credit package from June 2019, reinforcing Vietcombank’s standing with international […]
Climeworks Direct Air Capture Technology Explained (Video)
Climeworks employs direct air capture (DAC) technology to combat climate change by removing CO₂ directly from the atmosphere using renewable energy sources. The process involves drawing air into a collector, capturing CO₂ in a filter, and then heating it to release the gas for collection. The CO₂ is permanently stored underground by partners like Carbfix […]
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Climate Targets threatened by Russian War with Ukraine
The ongoing war in Ukraine is not only causing widespread suffering but also poses a significant threat to global climate targets. The direct emissions from military operations, including the use of weapons, jets, tanks, and trucks, are substantial yet difficult to quantify and are not included in the Paris Agreement’s goal to limit global warming […]
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